Client DLM Status: Cyient DLM Ltd’s initial public offering (IPO) opened to bidders today and the book-build offering remains open to subscribers until June 30, 2023, which is Friday this week. The Company has set the price range for Cyient DLM’s IPO ₹250 to ₹265 per share. The company, which provides electronic manufacturing services, aims to raise 592 crore through this public offering, which will be generated by issuing 22,339,623 new shares of the company. Meanwhile, Cyient DLM shares are available on the gray market ahead of the opening of the public offering. According to market watchers, shares of Cyient DLM Ltd can be bought at a premium of ₹100 on the gray market today.
Client DLM Status: Cyient DLM Ltd’s initial public offering (IPO) opened to bidders today and the book-build offering remains open to subscribers until June 30, 2023, which is Friday this week. The Company has set the price range for Cyient DLM’s IPO ₹250 to ₹265 per share. The company, which provides electronic manufacturing services, aims to raise 592 crore through this public offering, which will be generated by issuing 22,339,623 new shares of the company. Meanwhile, Cyient DLM shares are available on the gray market ahead of the opening of the public offering. According to market watchers, shares of Cyient DLM Ltd can be bought at a premium of ₹100 on the gray market today.
Cyient DLM IPO GMP today
According to market observers, the gray market premium (GMP) for Cyient DLM’s IPO is today ₹100, so ₹10 lower than the Monday GMP of ₹110. Market watchers believe the decline was mainly due to weak global market sentiment. They said the Indian stock market traded sideways on Monday and fell after losing on Thursday and Friday. So, this secondary market sentiment also weighed on gray market sentiment regarding Cyient DLM’s IPO. They said that a small price range could attract many investors and gray market sentiment could continue to rise in the coming sessions.
Cyient DLM IPO GMP today
According to market observers, the gray market premium (GMP) for Cyient DLM’s IPO is today ₹100, so ₹10 lower than the Monday GMP of ₹110. Market watchers believe the decline was mainly due to weak global market sentiment. They said the Indian stock market traded sideways on Monday and fell after losing on Thursday and Friday. So, this secondary market sentiment also weighed on gray market sentiment regarding Cyient DLM’s IPO. They said that a small price range could attract many investors and gray market sentiment could continue to rise in the coming sessions.
What does this GMP mean?
Market observers said that Cyient DLM IPO is GMP today ₹100, which means the gray market expects Cyient DLM’s listing price to be somewhere around 100 ₹365 ( ₹265+ ₹100), which is around 35 percent above the price range of ₹250 to ₹265 each.
What does this GMP mean?
Market observers said that Cyient DLM IPO is GMP today ₹100, which means the gray market expects Cyient DLM’s listing price to be somewhere around 100 ₹365 ( ₹265+ ₹100), which is around 35 percent above the price range of ₹250 to ₹265 each.
Cyient DLM IPO review
Reliance Securities gave the Cyient DLM IPO a Buy label, saying, “On a year-to-year basis for FY23, the IPO is valued at 66.2x P/E, 25.6x EV/EBITDA, and 2.7x EV/Sales in the upper price range global EMS market is growing strongly. The Indian EMS market contributes 2.2% (US$20 billion) of the global EMS market in 2022 and is the fastest growing country among all countries with a CAGR of 32.3%. He is expected to contribute 7%. ($80 billion) of the global EMS market by 2026, which will propel the company into further growth. Given the good business outlook, healthy financials, diversified product mix, tailwind due to solution-focused approach, customer-focused service, and track record for reliability, we recommend SUBSCRIBE to the edition.
Cyient DLM IPO review
Reliance Securities put a buy cue on Cyient DLM’s IPO, saying, “On a year-to-year basis for FY23, the high-end IPO is valued at 66.2x P/E, 25.6x EV/EBITDA, and 2.7x EV/Sales Der.” global EMS market is growing strongly. The Indian EMS market contributes 2.2% (US$20 billion) of the global EMS market in 2022 and is the fastest growing country among all countries with a CAGR of 32.3%. He is expected to contribute 7%. ($80 billion) of the global EMS market by 2026, which will propel the company into further growth. Given the good business outlook, healthy financials, diversified product mix, tailwind due to solution-focused approach, customer-focused service, and track record for reliability, we recommend SUBSCRIBE to the edition.
Ventura Securities highlighted the company’s financials, saying, “The Company is a leading EMS provider in India, specializing in electronics solutions for security and mission-critical applications. Its strong customer relationships and expertise in regulated industries present a barrier to entry for competitors.” With evolved capabilities and deep customer loyalty, the company offers complex PCBs and end-to-end solutions. Its expertise in safety-critical electronic systems sets it apart from the market. The industry’s high entry costs and strict regulations contribute to the company’s competitive advantage. “
Ventura Securities highlighted the company’s financials, saying, “The Company is a leading EMS provider in India, specializing in electronics solutions for security and mission-critical applications. Its strong customer relationships and expertise in regulated industries present a barrier to entry for competitors.” With evolved capabilities and deep customer loyalty, the company offers complex PCBs and end-to-end solutions. Its expertise in safety-critical electronic systems sets it apart from the market. The industry’s high entry costs and strict regulations contribute to the company’s competitive advantage. “
Choice Broking has listed the following five reasons why you should apply for Cyient DLM’s IPO:
Choice Broking has listed the following five reasons why you should apply for Cyient DLM’s IPO:
1]Ability to provide integrated technical solutions with capabilities across the product value chain;
1]Ability to provide integrated technical solutions with capabilities across the product value chain;
2]High barriers to entry for competitors due to its technical expertise, capabilities in safety-critical electronics in highly regulated sectors, and customer engagement;
2]High barriers to entry for competitors due to its technical expertise, capabilities in safety-critical electronics in highly regulated sectors, and customer engagement;
3]Robust and industry-leading backlog with repeat customers with whom the company has sustained and long-term relationships as a preferred partner;
3]Robust and industry-leading backlog with repeat customers with whom the company has sustained and long-term relationships as a preferred partner;
4]Manufacturing infrastructure, strict quality, diverse internal capabilities and a robust supply chain, enabling the company to provide customers with high-quality integrated end-to-end solutions; And
4]Manufacturing infrastructure, strict quality, diverse internal capabilities and a robust supply chain, enabling the company to provide customers with high-quality integrated end-to-end solutions; And
5]Lineage of the Promoter, Cyient Ltd., and years of industry expertise, an experienced Board of Directors and senior management team.
5]Lineage of Promoter, Cyient Ltd., and years of industry expertise, an experienced Board of Directors and senior management team.
Other key details on Cyient DLM IPO
The public issue is to be listed on both the BSE and the NSE. The likely stock listing date is July 10, 2023. The most likely Cyient DLM IPO grant date is July 5, 2023. KFin Technologies Limited has been appointed as the official registrar of the IPO.
More key details on Cyient DLM IPO
The public issue is to be listed on both the BSE and the NSE. The likely stock listing date is July 10, 2023. The most likely Cyient DLM IPO grant date is July 5, 2023. KFin Technologies Limited has been appointed as the official registrar of the IPO.
Disclaimer: The views and recommendations presented in this article are provided by individual analysts. These do not reflect the views of Mint. We recommend investors to consult certified experts before making an investment decision.
Disclaimer: The views and recommendations presented in this article are provided by individual analysts. These do not reflect the views of Mint. We recommend investors to consult certified experts before making an investment decision.
subjects
Comments are closed.